ASTONISHING FEATS OF SAVING

Taranaki Daily News, Volume LIII, Issue 336, 24 June 1911, Page 10

ASTONISHING FEATS OF SAVING

What self-help and thrift can do for a man is strikingly demonstrated by the case of John Morrison, a Yorkshire carpenter, who, although his wages had never exceeded 35s a week, has been able, to leave behind him the substantial sum of £3OOO, every penny of it the fruits of saving. ••Impossible!" the sceptic says; and no wonder, for such a feat seems to border on the miraculous. And yet it was really quite simple, as John Morrison used to declare. When ho married, a little over forty years ago, he looked round to see what economics he could effect. He found that he had been spending as a week on beer and tobacco; these he could very well dispense with. That meant a weekly saving of fe, or £l3 a year. And this was the nucleus of his fortune. A few weeks later his wages were raised from 30s to 35s weekly. He could rub along without the extra ss, and was thus able to put by £2<i a year. When his savings had amounted" to £IOO he bought two cottages, borrowing threefourths of the purchase money and paying off the loan out of the 'rents, lie was a man of property now. 'me appetite tor thrift took full possessionl of nun. He was fond of gardening and he decided to turn his hobbv and his spare time into money. He rented half an acre of land; his wife opened a shop for the sale of the produce, and the first year he was able to increase his savings to £1 a week, with which in two years' time he was able to buy two more nouses. And thus simply his fortune Tew House was added to house, each paying its own purchase with its rent- until at sixty he was able to retire on £lsu'a year, almost twice his highest wages as a workman; and when He died to leave a good £3OOO behind him And what John Morrison could do and did others liave done. Only a few weeks ago a workup u, ail eollf( , ss(1(1 jn a c of law that he had already saved £OOO <mt of wag Psi wlnch had never exceeded .10s a week. "How did you do itV" ask- <'<! ."'<• magistrate. "By a little self<™.a your worship," the man answer- ''. ■"< then proudly added, "And I've l-ro'iS it up four children, too; and now In' os only „,e , llK l the wife T'm goin" *a> will come to over £7O „ V ,, !U .». ' In another case known to the writer a London policeman managed to save £2OO dur,,,g t |,e firßt of his marned life. This sum he deposited in a bank, from which ho secured i,n for the purchase of it , Work of ~, Property which he bought, as a l Ml r,°,j„ ■the rents, m process of time, paid" „ 0 t 'f' «.o interest but the princip , " le oan repairs In- executed himself i„ ],, s spa,,, time, and long before he was six yhe w - a s in the enjoyment of « Plnar £l5O a year from his pronerfv ".• [ 7'> »<«1 «ost him nothing |„, tl e diml saving of €"250 I -ulSl il "° f ! ' ( T MS "' r "' ,n, ' t, '«' f«"» <l himself one day recently before his -man and asked to accept a week's iiotne. the foreman, who knew that »"e man had never drawn more than 3»s •i-ked What are yon going to ,| 0? Y( } ™ t have saved anything; and you are ','" ■'"""" for ;l foi'.-rnmcnt. Fusion " ' want 110 pension," was the answerI. ve saved enough to. see ine and the "cd ro tf " H r ffl,,dihavo^ saved .' '-Oh, was the. startling answer a matter of a thousand poumls. You see, Iveheen lucky in my investments."